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Banks’ IT spending in 2023 to hit $652 billion: Here's what some Big Spenders are focusing on...

From Citi's $1 billion "fat finger" and regulatory intervention driving a massive compliance overhaul, to major cloud migrations, spending continues at scale...

Their procurement cycles may be glacial and for software startups, getting onboarded through compliance regimes that can feel like the seven circles of hell is often a huge challenge, but banks globally remain among some of the biggest technology buyers and will spend $652.1 billion on IT in 2023.

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